Parkland says the effective date of the acquisition of the bulk fuels distributor, first announced in November, was Jan. 1.

The purchase price consisted of $91 million in cash and 1.2 million common shares of Parkland at about $18.48 per share.

“We are pleased to welcome the SPF Energy Team to Parkland,” said president and CEO Bob Espey said in a statement.

“Our strategy is to grow in areas with strong future prospects where we can add value through our robust supply capability. SPF Energy provides a strong platform for further growth in the northwestern United States.

Parkland supplies businesses, wholesale customers and consumers with gasoline, diesel, propane, lubricants, heating oil and other products through a network of locations across North America run by community based operators.